Mastercard (NYSE:MA) Now Covered by Piper Sandler

Research analysts at Piper Sandler started coverage on shares of Mastercard (NYSE:MAGet Free Report) in a research note issued on Monday, Briefing.com reports. The brokerage set an “overweight” rating and a $531.00 price target on the credit services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 16.20% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Robert W. Baird raised their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Oppenheimer restated an “outperform” rating and issued a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. Susquehanna restated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada raised their price target on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

Check Out Our Latest Research Report on MA

Mastercard Price Performance

MA stock opened at $456.98 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The business has a 50 day simple moving average of $467.39 and a 200-day simple moving average of $440.33. Mastercard has a twelve month low of $357.85 and a twelve month high of $490.00. The company has a market capitalization of $424.81 billion, a P/E ratio of 36.33, a PEG ratio of 1.79 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the company earned $2.80 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard will post 14.23 EPS for the current year.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The disclosure for this sale can be found here. Insiders have sold 1,023,688 shares of company stock valued at $464,057,537 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Mastercard

Hedge funds and other institutional investors have recently bought and sold shares of the business. Congress Wealth Management LLC DE increased its holdings in shares of Mastercard by 24.0% in the 3rd quarter. Congress Wealth Management LLC DE now owns 5,750 shares of the credit services provider’s stock valued at $2,277,000 after acquiring an additional 1,112 shares during the last quarter. Semus Wealth Partners LLC increased its holdings in shares of Mastercard by 6.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 2,564 shares of the credit services provider’s stock valued at $1,015,000 after acquiring an additional 151 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Mastercard by 6.9% in the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after acquiring an additional 515,481 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC bought a new stake in shares of Mastercard in the 3rd quarter valued at approximately $215,000. Finally, Resonant Capital Advisors LLC increased its holdings in shares of Mastercard by 71.2% in the 3rd quarter. Resonant Capital Advisors LLC now owns 2,741 shares of the credit services provider’s stock valued at $1,085,000 after acquiring an additional 1,140 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

About Mastercard

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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